Julie T. Kunkel Acquires 1,500 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) Stock

Bloomin’ Brands, Inc. (NASDAQ:BLMN) Director Julie T. Kunkel purchased 1,500 shares of Bloomin’ Brands stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of $9.94 per share, with a total value of $14,910.00. Following the acquisition, the director now owns 3,565 shares of the company’s stock, valued at approximately $35,436.10. This trade represents a 72.64 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bloomin’ Brands Price Performance

Shares of NASDAQ BLMN traded down $0.20 during midday trading on Tuesday, reaching $8.24. The company’s stock had a trading volume of 4,762,115 shares, compared to its average volume of 1,680,561. Bloomin’ Brands, Inc. has a one year low of $8.00 and a one year high of $30.13. The company has a market cap of $699.83 million, a price-to-earnings ratio of -74.90 and a beta of 1.97. The company has a 50 day moving average price of $11.79 and a 200 day moving average price of $14.14. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46.

Bloomin’ Brands Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $0.60 annualized dividend and a dividend yield of 7.28%. Bloomin’ Brands’s dividend payout ratio is currently -40.27%.

Institutional Investors Weigh In On Bloomin’ Brands

A number of institutional investors and hedge funds have recently modified their holdings of BLMN. Verdence Capital Advisors LLC increased its stake in Bloomin’ Brands by 6.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock worth $210,000 after purchasing an additional 780 shares in the last quarter. Franklin Resources Inc. lifted its stake in Bloomin’ Brands by 2.9% during the third quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator’s stock valued at $773,000 after buying an additional 1,392 shares in the last quarter. KBC Group NV boosted its holdings in shares of Bloomin’ Brands by 79.1% in the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock worth $56,000 after buying an additional 1,489 shares during the period. Gladius Capital Management LP purchased a new position in shares of Bloomin’ Brands in the third quarter worth approximately $26,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Bloomin’ Brands during the fourth quarter valued at approximately $27,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. The Goldman Sachs Group lowered their target price on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating on the stock in a research report on Thursday, February 27th. Barclays set a $11.00 price target on Bloomin’ Brands and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Finally, UBS Group reduced their price objective on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.00.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.